Atmastco Signs Rs 1.28 Billion Deal with Hindustan Zinc
ECONOMY & POLICY

Atmastco Signs Rs 1.28 Billion Deal with Hindustan Zinc

Atmastco has secured a contract from Hindustan Zinc for an engineering project valued at Rs 1.28 billion at the Dariba Smelting Complex in Rajsamand, Rajasthan. The agreement marks a significant development in Atmastco’s operations, further strengthening its position in the engineering and erection sector.

Following the announcement, Hindustan Zinc’s stock price rose by 1.66 per cent to reach Rs 437.15 on the Bombay Stock Exchange (BSE). The market reaction highlights investor confidence in the company’s on-going industrial projects and expansion efforts.

Atmastco initially focused on the trading of steel goods and industrial products before expanding into the engineering and erection business. Over the years, it has diversified its operations, taking on large-scale industrial and infrastructure projects.

Hindustan Zinc, a subsidiary of the Vedanta Group, is a key player in the Indian metals and mining sector. It is an integrated producer of zinc, lead, and silver, with operations spread across multiple locations. As of March 2024, Vedanta held a 64.92 per cent ownership stake in the company. The latest contract aligns with Hindustan Zinc’s on-going efforts to enhance its production capacity and operational efficiency at the Dariba Smelting Complex, which is a crucial site for its smelting and refining activities.

This collaboration is expected to contribute to the growth of both companies, with Atmastco leveraging its engineering expertise and Hindustan Zinc strengthening its industrial infrastructure. The project underscores the growing investments in India’s metals sector, reflecting the industry’s focus on modernization and capacity expansion.

News source: Business Standard

Atmastco has secured a contract from Hindustan Zinc for an engineering project valued at Rs 1.28 billion at the Dariba Smelting Complex in Rajsamand, Rajasthan. The agreement marks a significant development in Atmastco’s operations, further strengthening its position in the engineering and erection sector. Following the announcement, Hindustan Zinc’s stock price rose by 1.66 per cent to reach Rs 437.15 on the Bombay Stock Exchange (BSE). The market reaction highlights investor confidence in the company’s on-going industrial projects and expansion efforts. Atmastco initially focused on the trading of steel goods and industrial products before expanding into the engineering and erection business. Over the years, it has diversified its operations, taking on large-scale industrial and infrastructure projects. Hindustan Zinc, a subsidiary of the Vedanta Group, is a key player in the Indian metals and mining sector. It is an integrated producer of zinc, lead, and silver, with operations spread across multiple locations. As of March 2024, Vedanta held a 64.92 per cent ownership stake in the company. The latest contract aligns with Hindustan Zinc’s on-going efforts to enhance its production capacity and operational efficiency at the Dariba Smelting Complex, which is a crucial site for its smelting and refining activities. This collaboration is expected to contribute to the growth of both companies, with Atmastco leveraging its engineering expertise and Hindustan Zinc strengthening its industrial infrastructure. The project underscores the growing investments in India’s metals sector, reflecting the industry’s focus on modernization and capacity expansion. News source: Business Standard

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?